Oliver's Translations Ltd - Period Ending 2016-04-30

Registration number: 06556603

Oliver's Translations Ltd

Unaudited Abbreviated Accounts

for the Year Ended 30 April 2016
 

Moffatt & Co
Chartered Accountants
Progress House
396 Wilmslow Road
Withington
Manchester
M20 3BN

Oliver's Translations Ltd
(Registration number: 06556603)
Abbreviated Balance Sheet at 30 April 2016

		Note			2016 £			2015 £
Current assets
Debtors					2,033			5,559
Cash at bank and in hand					(610)			613
					1,423			6,172
Creditors: Amounts falling due within one year					(3,603)			(5,661)
Net (liabilities)/assets					(2,180)			511
Capital and reserves
Called up share capital		3			1			1
Profit and loss account					(2,181)			510
Shareholders' (deficit)/funds					(2,180)			511

For the year ending 30 April 2016 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime .

Approved by the director on 30 January 2017

.........................................
OH Samuel
Director

The notes on pages 2 to 3 form an integral part of these financial statements.
Page 1

Oliver's Translations Ltd
Notes to the Abbreviated Accounts for the Year Ended 30 April 2016
......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (Effective January 2015).

Turnover

Turnover represents amounts chargeable in respect of the sale of goods and services to customers.

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows;

Asset class	Depreciation method and rate
Office equipment	33% straight line basis

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

2	Fixed assets

		Tangible assets £			Total £
Cost
At 1 May 2015		522			522
At 30 April 2016		522			522
Depreciation
At 1 May 2015		522			522
At 30 April 2016		522			522
Net book value
At 30 April 2016		-			-
At 30 April 2015		-			-

Page 2

Oliver's Translations Ltd
Notes to the Abbreviated Accounts for the Year Ended 30 April 2016
......... continued

3	Share capital

Allotted, called up and fully paid shares

	2016						2015
		No.			£			No.			£
Ordinary of £1 each		1			1			1			1

Page 3